Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL) Shares Gap Up – What’s Next?

Direxion Daily Semiconductors Bull 3x Shares (NYSEARCA:SOXL)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $91.99, but opened at $107.38. Direxion Daily Semiconductors Bull 3x Shares shares last traded at $112.00, with a volume of 35,885,140 shares changing hands.

Direxion Daily Semiconductors Bull 3x Shares Price Performance

The stock has a market cap of $17.16 billion, a PE ratio of 35.63 and a beta of 5.66. The stock has a 50-day simple moving average of $202.28 and a 200-day simple moving average of $123.09.

Institutional Trading of Direxion Daily Semiconductors Bull 3x Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Halbert Hargrove Global Advisors LLC raised its holdings in Direxion Daily Semiconductors Bull 3x Shares by 32.5% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 563 shares of the company’s stock valued at $27,000 after buying an additional 138 shares during the period. Pin Oak Investment Advisors Inc. purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the fourth quarter worth approximately $25,000. Western Wealth Management LLC purchased a new stake in Direxion Daily Semiconductors Bull 3x Shares during the first quarter worth approximately $33,000. St. Johns Investment Management Company LLC acquired a new stake in shares of Direxion Daily Semiconductors Bull 3x Shares in the first quarter worth $38,000. Finally, 1248 Management LLC increased its position in shares of Direxion Daily Semiconductors Bull 3x Shares by 33.3% in the fourth quarter. 1248 Management LLC now owns 800 shares of the company’s stock worth $34,000 after acquiring an additional 200 shares in the last quarter.

About Direxion Daily Semiconductors Bull 3x Shares

The Direxion Daily Semiconductor Bull 3X Shares (SOXL) is an exchange-traded fund that is based on the ICE Semiconductor index. The fund provides 3x daily exposure to a modified market-cap-weighted index of 30 US-listed semiconductor companies. SOXL was launched on Mar 11, 2010 and is managed by Direxion.